Cristian Alexander Jonsson, Global Head of Capital Structuring Distribution Group & Loan Syndications

It was reported in the media today (13 Sep) that a global head at Standard Chartered Bank, Cristian Alexander Jonsson, 48, was caught for drink driving after midnight last Thu (5 Sep). Apparently, he had downed about seven glasses of wine at a restaurant in Dempsey Road before driving off.
The Swede, who is a Singapore permanent resident, was fined $2,000 in court yesterday after pleading guilty. He was also disqualified from driving all classes of vehicles for 18 months.
According to his LinkedIn page, Jonsson was transferred from UBS in London to its Singapore office in 2004. He worked as the Head of APAC Bond Syndicate & Hedge Fund Sales for about 4 years before leaving UBS in the middle of the 2008 financial crisis.
One year later in 2009, he managed to secure a position in Standard Chartered Bank in Singapore working as its Global Head of Capital Structuring Distribution Group & Loan Syndications.

Responding to the media if any disciplinary actions Standard Chartered would take against Jonsson, a bank’s spokesperson replied, “We will review the matter in line with our internal policies and procedures. It is inappropriate for us to comment further.”
EDB says to get more Singaporeans to helm MNCs
In 2013, EDB Chairman Leo Yip told the media that his vision is to see Singapore becoming a global business hub with MNCs setting up their command centre here and with Singaporeans at the helm of these firms.
“More companies are increasingly conducting global decision-making activities, such as procurement and brand management, out of Asia,” he said. “The market pull of Asia is increasingly attracting multinational companies… (and) companies are responding and organising themselves to have both regional and global functions here.”
He said EDB would work with these MNCs to help get more locals into top posts.
“If the company brings in a new activity that is leading-edge… to kick off the activity here, professionals from overseas might need to be brought in,” he explained. “But Singapore’s value proposition to these global companies would not be complete without Singaporean skills and talent.”
To that end, a pipeline of local managerial talent is needed to support the international and regional headquarters being set up here. He said EDB is working with companies to develop programmes that will identify locals for key positions.
“The best talent environment is not just about being able to recruit the talent, but also about being able to grow and develop talent here,” said Mr Yip.
In the case of Standard Chartered, it appears that the foreign talent Jonsson has been a head at the bank for the past 10 years. It’s not known why EDB can’t work with the bank to groom a Singaporean to take over this position, as envisaged by the EDB Chairman to have more Singaporeans helming MNCs.
Has EDB failed Singaporeans or perhaps Mr Yip was just saying something nice for our local media to publish?
 

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments
You May Also Like

【选举】尚穆根:政治人物应专注就业、疫情后复苏议题

内政暨律政部长尚穆根表示,政客们应专注于解决诸如就业和冠状病毒19疫情之类的课题,因为这些都是国人希望获得解决的课题。 尚穆根周二(6月23日)在接受《海峡时报》采访时指出,国人关心遏制冠毒疫情再次爆发的措施,以及国家经济在疫情后的复苏情况。“对政府而言,另一个问题不仅是我国要度过,而是当全世界都度过这个难关时,我们要如何取得领先他人的位置?” 他指出,冠毒疫情已经让人们有了一种思考方式,即冠毒直接影响了他们的经济,包括他们的工作和孩子们的工作,以及政府将如何在不引起第二波冠毒袭击下,重启经济开放。 他引述李显龙总理的话说道,我们正处于历史的关键点之一,“我认为这是政客应该专注的焦点,并在大选期间处理这些问题”。 新加坡人意识到政府所提供的四个预算案,不足以帮助企业生存,因此他们开始考量,“谁能在疫情后保障他们的公司或工作”。“这对他们来说至关重要,这也是我们自冠毒疫情爆发后就开始关注的焦点……我们(政府)所有人都专注于这一点上,而这也是选民们在选举期间希望听到的事项。” 他指出,政客的任务是诚实地指出国人所面临的课题,以及提供最佳解决方案。 疯狂政客将借课题吸引选民 尚穆根续指出,冠毒疫情可能会“分裂社会”,因为它为许多国家带来了巨大压力,而当国家面临如此巨大压力时,“疯狂的政客”将试图以“非常民粹主义”的方式做出呼吁,并使用解决方案来吸引选民。“每到此时,疯狂的政客就会脱颖而出,以非常民粹的方式,向民众表示已拥有解决方案,而且解决方案非常简单,来吸引选民支持。” 他指出,这总是和确定的不同群体有关,他们或是外国人、或社区内的不同种族、或是特定的宗教信仰、或具有宗教说服力的人们。 然而,尚穆根表示,政府为所有的种族提供了机会,但这并不意味着没有种族主义。“我们以截然不同的方式处理种族课题,我们融入社会,但是不允许贫民区增加。” 他披露,大部分国人透过其他国家的经历有了正面了解,并支持我国政府的做法,让国家更文明、安全和巩固。 “当你说要50万人上街游行示威时,我认为很多国人并不会同意这么做。”…

Trial of new signalling system for NSL to be held every Sunday for two months

Land Transport Authority (LTA) and Singapore Mass Rapid Transit (SMRT) have announced…

Turkey’s biggest party fails to win outright majority in parliament

Turkey’s biggest political party, the Justice and Development party (also known as…

MND misrepresented us on government grants issue: AHPETC

The Ministry of National Development has grossly misrepresented the Aljunied Hougang Punggol…